Re: Limited Paypal? Taxes?
It all depends on how you would like to operate your business, some operate with only a couple accounts and form a corporation or LLC and use an EIN FOR tax ID and continue selling
While others spread sales out, over enough accounts that they never get asked for a tax ID
You should probably think about how exactly you want to operate so that your not guessing
You need to be in Control and not rely on whether accounts will reset or not, because things always change and relying on eBay/PayPal will end in failure.
So decide on what u want to do, and if it's only run a couple accounts, than I'd suggest opening a couple businesses and have a tax ID ready to go when paypal asks
Or have enough accounts where you won't be asked for a tax ID, ONLY rely on yourself
|